Pi Network Enters Valour ETP as Mining Rate Rises and DEX Nears Launch

TLDR

Table of Contents

Valour Inc. launched the first Pi ETP on Sweden’s Spotlight Stock Market.
Pi’s mining rate rose to 0.0031296 Pi/hour for December 2025.
Developers removed obsolete tokens to prepare for Protocol 23 and DEX.
The Pi ETP adds a regulated gateway for retail and institutional investors.

Pi Network has entered regulated financial markets through Valour Inc.’s launch of a Pi (PI) SEK ETP on Sweden’s Spotlight Stock Market. At the same time, the network’s base mining rate rose slightly for December 2025, and developers have completed a technical cleanup of the testnet, suggesting final steps toward Protocol 23 and the Pi DEX rollout.

Valour Inc. Launches Pi ETP on Spotlight Market

Valour Inc., a regulated digital asset issuer in Europe, has launched the first exchange-traded product (ETP) for Pi Network. The Valour Pi (PI) SEK ETP is now listed on Sweden’s Spotlight Stock Market. This listing marks Pi Network’s first public investment product in a regulated financial environment.

The ETP appears alongside products linked to cryptocurrencies such as Shiba Inu, Celestia and VeChain. Valour operates under strict compliance requirements, and its decision to offer a Pi-linked product suggests institutional recognition of the Pi Network’s progress.

This move allows retail and institutional investors to gain exposure to Pi through a public market. The listing was also confirmed in official regulatory records, which has reinforced the credibility of the offering.

December Sees Increase in Base Mining Rate

The Pi Network base mining rate for December 2025 has risen to 0.0031296 Pi per hour. This marks a small increase from the November rate of 0.0027551 Pi per hour. Although the change is minor, it reflects consistent adjustments as Pi’s ecosystem matures.

Additional features such as lockups, booster rewards and security circles allow some users to earn over 0.008 Pi per hour. This suggests the network is optimizing long-term participation and sustaining gradual growth rather than focusing on sudden activity spikes.

The Core Team has not released direct comments on the rate change, but community members view it as part of ongoing system refinements. The adjustment supports the narrative that Pi continues to develop its technical and economic foundations.

Testnet Cleaned Up for DEX and Protocol 23 Preparation

Developers have completed a major cleanup across Pi Network’s testnet. Only eight test tokens now remain marked as “N/A” in wallets. These tokens represent early-stage contracts and expired elements from the initial testnet phase.

According to developer updates, this cleanup is part of the final steps before launching Protocol 23 and the Pi DEX. Removing legacy tokens helps ensure the mainnet will support stable, efficient trading once the DEX goes live.

A cleaner network environment also helps reduce transaction errors and conflicts. This paves the way for real-time economic activity through smart contracts and liquidity pools.

Regulated Access and Utility Gain Focus as Ecosystem Evolves

The combined developments—the Pi ETP listing, mining rate adjustment and testnet cleanup—point toward a network preparing for broader utility. With the ETP providing access to traditional financial markets, Pi gains a regulated channel for new capital inflows.

The Pi Core Team has emphasized that the network’s approach prioritizes infrastructure over price speculation. With Protocol 23 and the DEX nearing readiness, more on-chain interaction tools are expected to follow soon.

While trading volumes and token prices remain outside the project’s direct control, community updates have shifted toward structural progress. Pi’s integration into global markets through regulated products may allow the network to evolve into a usable economic platform.